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Tag Archives: Yen

Bank of Japan (BOJ) open to act on excessive Japanese yen decline 

Key Points:  On Wednesday, Bank of Japan (BOJ) board member Seiji Adachi indicated that the central bank may take monetary policy action if excessive depreciation of the Japanese yen (JPY) persists and significantly impacts inflation expectations. Adachi emphasized the importance of adjusting the degree of monetary support in response to ongoing economic, price and financialContinue Reading


Aussie rises as investors await inflation data 

Key points:  The Australian dollar (AUD) climbed past $0.665 on Monday, marking its third consecutive session of gains. Market participants are bracing for upcoming domestic inflation figures, which could significantly influence the interest rate outlook. The appreciation of AUD is also supported by a broad pullback in the US dollar (USD) and strong carry demandContinue Reading


Dollar strengthens ahead of news on global inflation

Key points: The dollar started the week on a firm note as traders awaited crucial inflation data from the U.S., Europe, and Japan. This data is expected to provide clarity on the future of global interest rates. In recent months, the search for yield has dominated foreign exchange markets, with low-interest currencies under pressure whileContinue Reading


Yen advances despite inflation concerns; Stock market shows mixed performance

The Japanese Yen (USD/JPY) has seen contained advances recently, despite mixed signals from economic indicators and policies from the Bank of Japan (BoJ). April’s consumer price index (CPI) data showed a decrease in headline inflation to 2.5%, down from 2.7% in March. Core inflation, which excludes fresh food, fell to 2.2%, while the measure excludingContinue Reading


Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent inflation may delay Federal Reserve interest rate cuts. Picture: Nikkei in the slumps as seen on the VT Markets app. The Nikkei index dropped 1.17% to 38,646.11 by the close, afterContinue Reading


A technical assessment of gold, Cable, Ninja, and Nvidia performance in May

Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus might shift to $2,335, which represents the 38.2% Fibonacci retracement of the 2024 rally. InContinue Reading


Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

Key points: Japan’s Nikkei share average snapped a three-day winning streak to close lower on Friday, influenced by Wall Street’s tepid overnight performance and uncertainties surrounding the Bank of Japan’s (BOJ) policy trajectory. The Nikkei slipped 0.34% to finish at 38,787.38, although it still gained 1.43% for the week. Picture: Japan’s Nikkei’s decline, as observedContinue Reading


As CPI risk clears, asian markets take off

Key points: Asian markets are set to climb higher on Thursday, fuelled by the positive sentiment that followed benign inflation figures from the U.S. This optimism suggests that the Federal Reserve might begin reducing interest rates, a move eagerly anticipated by investors. Economic uncertainties in China and Japan In China, however, the economic outlook remainsContinue Reading


US economic indicators continue to influence Yen performance 

Key Points:  The early trading hours saw JPY declining against a basket of G-10 and Asian currencies. This trend was largely driven by an emerging risk-on sentiment, influenced by revised economic forecasts and potential shifts in US monetary policy. The US Producer Price Index (PPI) adjustments for March have significantly shaped the expectations of allContinue Reading


MARKETS TODAY: Gold rally slowing down, Cable sees upswing

Key points On Monday, gold prices failed to sustain an upward movement beyond the $2,375 mark, resulting in a decline below $2,350. This movement suggests a possible test of lower support levels, primarily around $2,280, which aligns with the 50-day simple moving average and recent lows. Should this support level fail, the next target forContinue Reading